Requires interest to be paid annually-Employee wages

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Reference no: EM13788154

Employee wages are paid twice a month, on the 22nd for the wages earned from the 1st through the 15th, and on the 7th o fthe following month for wages earned from the 16th through the end of the month. Wages earned from December 16 through December 31, 2013 were $1,500

On Oct. 1, 2013, the Pastina borrowed $50,000 from a local bank and signed a note. The requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.

Reference no: EM13788154

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Requires interest to be paid annually-Employee wages : Employee wages are paid twice a month, on the 22nd for the wages earned from the 1st through the 15th, and on the 7th o fthe following month for wages earned from the 16th through the end of the month. Wages earned from December 16 through December 3..

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